NOK Facility definition

NOK Facility means the NOK 800,000,000 Reducing Revolving Credit Facility, dated April 24, 2002, among Trico Shipping AS, as borrower, Den Norske Bank ASA, as Agent, and the institutions party thereto as banks.
Sample 1
NOK Facility means the Second Amended and Restated Multi-Currency Credit Facility Agreement dated the date hereof among GulfMark Rederi AS, as borrower, the financial institutions listed therein as lender and DNB Bank ASA, as arranger and agent, substantially in the form attached hereto as Annex B, as such agreement may be further amended, amended and restated or otherwise modified from time to time.
Sample 1
NOK Facility means the NOK 600,000,000 Amended and Restated Multi-Currency Revolving Credit Facility Agreement between GulfMark Rederi AS, DNB Bank ASA and others dated October 23, 2014, as amended.
Sample 1

Examples of NOK Facility in a sentence

  • The Debtor is authorized to guarantee repayment of Rederi’s obligations under the NOK Facility under the terms of the Parent Guarantee; provided, however, that notwithstanding anything in this Interim Order or in the Parent Guarantee to the contrary, the Debtor’s obligations under the Parent Guarantee shall not be entitled to priority as administrative expenses of the Debtor’s estate or otherwise.

  • The Borrower may, upon irrevocable written notice to the Notice Parties, terminate or permanently reduce the unused Commitments in each case without premium or penalty; provided that such reduction or termination shall be accompanied by the payment of any accrued Unused Commitment Fees; provided, further the Lender will cause a reduction of the commitment under the NOK Facility by an amount equal to the amount of such Commitment reduction hereunder.

  • DNB is not a control person or insider of the Debtor or any of its affiliates by virtue of any of the actions taken with respect to, in connection with, related to, or arising from the DIP Intercompany Facility, the Parent Guarantee, the NOK Facility, the Consent, or the Collateral Assignment.

  • Granting the DIP Liens and the DIP Superpriority Claim to the Secured Parties is a condition to DNB’s extension of credit to Rederi under the NOK Facility.

  • The Borrower may at any time by written notice to the Lender, voluntarily prepay all or part of the Term Loans; provided that any such prepayment shall be in a minimum amount of $1,000,000 (and if greater, in integral multiples of $500,000) (or, if less, the outstanding amount of the Term Loans or any other amount approved by the Lender); provided, further, that all amounts received in respect of any such prepayment shall be applied to make a prepayment pursuant to Clause 8.5.7 of the NOK Facility.

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  • Granting the DIP Liens and the DIP Superpriority Claim to the Secured Parties is a condition to DNB’s extension of credit to Rederi under the NOK Facility.The DIP Intercompany Facility is only available to the Debtor on account of the NOK Facility and DNB’s lending to Rederi thereunder.I. Proceeds of the DIP Intercompany Facility and DIP Collateral.

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  • Subject to paragraph 7 of this Interim Order, as of the date hereof, there exist no claims or causes of action against DNB with respect to, inconnection with, related to, or arising from the DIP Intercompany Facility, the Parent Guarantee, the NOK Facility, the Consent, or the Collateral Assignment that may be asserted by the Debtor or, to the Debtor’s knowledge, any other person or entity.G. Immediate Need for Postpetition Financing.

  • The proposed modifications will be implemented as part of a consensual amendment to the NOK Facility and not as part of the Plan.

Related to NOK Facility

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Public facility means 1 or more of the following:

  • Holding facility means a designated area for the retention of

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Offshore facility ’ means any facility of any kind located in, on, or under any of the navigable waters of the United States, and any facility of any kind which is subject to the ju- risdiction of the United States and is located in, on, or under any other waters, other than a vessel or a public vessel;

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Local Facility means any of them.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Triage facility means a short-term facility or a portion

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • State facility means a center or a hospital operated by the department.

  • Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.